This compound is primarily utilized in pharmaceutical research and development, particularly as an intermediate in the synthesis of more complex molecules. Its structure, featuring a piperidine ring and benzyloxy group, makes it a valuable building block for creating compounds with potential biological activity. It is often explored in the design of drugs targeting the central nervous system, as piperidine derivatives are known to interact with various neurological receptors. Additionally, its oxalate salt form enhances stability and solubility, facilitating its use in experimental formulations and drug delivery systems. Researchers also investigate its potential in developing antimicrobial or antiviral agents due to its unique chemical framework.